918 Sea Gull Drive #A-D, Mount Pleasant, SC 29464
Local realty services provided by:ERA Wilder Realty
Listed by: mary beth wichlei, jake stradling
Office: three real estate llc.
MLS#:25027072
Source:SC_CTAR
918 Sea Gull Drive #A-D,Mount Pleasant, SC 29464
$1,199,000
- 10 Beds
- - Baths
- 4,368 sq. ft.
- Multi-family
- Active
Price summary
- Price:$1,199,000
- Price per sq. ft.:$274.5
About this home
918 Sea Gull Drive presents investors with a rare opportunity to acquire a stabilized Quadplex in South Mount Pleasant, one of Charleston's most desirable submarkets. Comprised of two 3-bedroom / 1.5-bath units and two 2-bedroom / 1-bath units, collectively generating $8,000 per month ($96,000 annually) in current income. At 1.2m, the asset reflects a 6.3% cap rate on in-place income, assuming a 35% expense ratio. All tenants are on month-to-month leases, providing immediate flexibility for rental growth. Current rents are below market, with comparable two-bedroom units averaging $2,620 and three-bedroom units averaging $2,980, creating strong upside potential. Pro forma rents at market levels suggest annual income could exceed $136,800, yielding an 8.3% cap.
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Home facts
- Year built:1976
- Listing ID #:25027072
- Added:40 day(s) ago
- Updated:November 15, 2025 at 04:35 PM
Rooms and interior
- Bedrooms:10
- Living area:4,368 sq. ft.
Heating and cooling
- Cooling:Central Air
Structure and exterior
- Year built:1976
- Building area:4,368 sq. ft.
- Lot area:0.22 Acres
Schools
- High school:Lucy Beckham
- Middle school:Moultrie
- Elementary school:James B Edwards
Utilities
- Sewer:Public Sewer
Finances and disclosures
- Price:$1,199,000
- Price per sq. ft.:$274.5
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